Question 5 (HPW11.5, Problem 80, p. 527) A monopolist who employs m workers finds that they produce: S.0 q = 2m(2m + 1)2 Units of product per day. The total revenue, r (in dollars), is given by: S uoitesuO orli nods gninews and no massgong 50q vlieb VT menso a estilolew noareq sit sill porlotew moeneq odd fendi vilidedong V1000 + 3q love ono moigong sill folow ton 2sob a) What is the price per unit (to the nearest cent) when there are 12 workers? no b) Determine the marginal revenue when there are 12 workers c) Determine the marginal-revenue product when m = 12. orinlugog art to scost ed Note: round your answers to 2 decimal places vabud no dotsw of botosgas Question 6 (HPW 11.5, Problem 82, p. 527) to virlidsdoin omie-ybBale order jed W A manufacturer has determined that, for his product, the daily average cost (in hundreds of dollars) is given by: 324 5 19 C = - + V92 + 35 9 18 lord guiwollot et altuner midd a) As daily production increases, the average cost approaches a constant dollar amount. What is this amount? b) Determine the manufacturer's marginal cost when 17 units are produced per day. c) The manufacturer determines that if production (and sales) were increased to 18 units per day, revenue would increase by $275. Should this move be made? Why? Note: round your answers to 2 decimal places big to tooo vileow orbs tard eword isimontonem bwodline ed navig is Juquo To mouseu 1008 + bear = 500 + 5p82.0- ight University of New South Wales 2023. All rights reserved. This copyright notice must not